Gate News Bot Message, December 31st, according to CoinMarketCap data, as of press time, CC (Canton) is currently priced at $0.15, up 17.69% in the past 24 hours, with a high of $0.15 and a low of $0.09. The current market capitalization is approximately $5.454 billion, an increase of $820 million from yesterday.
The Canton Foundation ensures fair governance and oversight of the Canton Network global synchronizer. Canton Network is an ecosystem that combines the power of capital markets with the true value of blockchain. It currently has 37 super validator nodes and 622 validator nodes, with an average daily fee of $793,000. The network supports multiple ecological applications including blockchain explorers, cross-chain bridges, oracles, custody and wallets, Daml development solutions, data analytics, DeFi, and node-as-a-service. The Canton Foundation brings together top industry institutions such as 5North, Broadridge, Digital Asset, and Euroclear, dedicated to promoting real-time asset tokenization with privacy protection and atomic settlement.
1️⃣ DTCC Bond Tokenization Receives Regulatory Clarification The US Depository Trust & Clearing Corporation (DTCC)-custodied US Treasuries are advancing tokenization on the Canton network and have received a no-action letter from the US Securities and Exchange Commission (SEC). This regulatory approval is seen as the clearest compliance signal to date in the on-chain US Treasury space, significantly enhancing Canton’s authority and commercialization prospects as a compliant tokenization infrastructure, and directly strengthening market expectations for the long-term value of CC tokens.
2️⃣ RWA Technology Stack Enhancement Drives Ecosystem Development In early December, Canton partnered with RedStone, integrating its services as the primary oracle provider to deliver compliant, real-time price data for tokenized assets. This integration completes the full technology stack for real-world asset tokenization, improving connectivity with institutional DeFi and laying a solid infrastructure foundation for RWA applications within the Canton ecosystem.
3️⃣ Institutional-Grade Application Scale Continues to Expand, Driving Endogenous Demand Canton Network has gathered top global financial institutions such as Broadridge, Digital Asset, and Euroclear. Applications deployed within the ecosystem handle over $300 billion in daily trading volume. The average daily transaction fee of $793,000 reflects ongoing growth in on-chain activity, validating Canton’s practical commercial value as a Layer-1 blockchain designed specifically for regulated financial institutions, providing strong support for the long-term value of CC tokens.
This message is not investment advice. Investors should be aware of market volatility risks.
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